Canada’s real estate industry wanted weaker stress testing, but it may have been too weak. That’s the take from BMO Capital Markets, who recently crunched the numbers. As interest rates climb, the majority of borrowers will be able to easily manage higher costs. However, recent buyers are facing rates even higher than they had been […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Wealth Boom Is Over, Expect $1.6 Trillion In Losses: RBC Canadian real estate values soared over the past few years, helping to drive wealth. However, now that we’re past peak — RBC sees housing pulling wealth back. The […]
Canada’s oldest bank would like a little more clarity from the country’s central bank, going forward. BMO Economics wrote to investors this week, arguing the Bank of Canada (BoC) needs to be more transparent about their inflation data. After delivering a smaller-than-expected rate hike, the BoC presented a chart to justify its move. The data […]
Canadian real estate sent household net worth soaring over the past few years, and now it’s taking some of it back. RBC Economics warned investors this week that the housing-fueled wealth boom is coming to an end. The last quarter showed the biggest drop in net worth on record, largely due to a housing correction. […]
Global real estate is entering a downturn that will kill growth, and it’s the worst in Canada. That was the gist of numbers from Oxford Economics today. The macro-research firm crunched the numbers on housing as a share of GDP, and Canada had the highest share. As home sales and building slows, this will leave […]
Canada has a lot of new housing supply coming in the next few months, and it should provide market relief. The CMHC reported new housing starts remain historically elevated in September. BMO Capital Markets wrote to investors, explaining the units under construction have hit a record. Significant supply will hit the market in coming months, […]
Canadian businesses and households don’t see a bright future for the economy in the upcoming months. The Bank of Canada (BoC) released its Business Outlook Survey (BOS) for Q3 2022, and showed a massive erosion of the index. The index has only seen such a substantial decline immediately before a recession. BMO warned investors that […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto Is The Biggest Real Estate Bubble In The World, Vancouver 6th: UBS Swiss mega-bank UBS published its annual Global Real Estate Bubble list, and two Canadian cities were prominently featured at the top. Toronto real estate has officially taken the crown […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Heading For A Recession, Financial Crisis Can’t Be Ruled Out: Oxford Econ The Canadian economy is heading for a recession and it doesn’t have much room to save itself, according to macro research firm Oxford Economics. They see a recession […]
